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Most American families need to consider long term care insurance, because sooner or later, many of us will need extended care not covered by regular health insurance. Do you plan to live beyond 65? If so, reflect on this: According to the U.S. Department of Health and Human Services, "At least 70 percent of people over age 65 will require some long-term care services at some point in their lives." That's about three in every four of us! (National Clearinghouse for Long-Term Care Information*) This means health-reform legislation will have a BIG HOLE IN IT if it doesn't provide incentives to make LONG TERM CARE INSURANCE affordable for everyone! Many people think they're already covered for long-term care, when they're not. According to the U.S. Department of Health and Human Services, "Contrary to what many people believe, Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need -- help with personal care such as dressing or using the bathroom independently." (National Clearinghouse for Long-Term Care Information*)
If you don't have a long-term care insurance policy, you may be at risk! |
